Russia and the CIS: Realizing potential and exploring Islamic finance opportunities in a promising new market
Date: 15th March 2016 Venue: Renaissance Moscow Monarch Centre, Moscow

Advisory Board

Linar Yakupov
President of Association of Regional Investment Agencies, Russian Federation
President of the Islamic Business and Finance Development Fund

Linar Yakupov is currently the President of the Association of Regional Investment Agencies of Russia, a specialised platform for interaction and exchange of experiences among major regional investment agencies and development corporations of the Russian Federation with a view to maximise their integration in the international investment community.

Linar Yakupov is a founder and President of the Islamic Business and Finance Development Fund (IBFD Fund), the centre of competence in Islamic business and finance of Russia. He also serves as an advisor to the Prime Minister of the Republic of Tatarstan, is a member of the Presidential Council for Cooperation with International Financial Organizations and a board member of the Tatarstan International Investment Company.

Linar Yakupov previously served as the head of Tatarstan Investment Development Agency (TIDA), member of the Government, and Director for Eastern Europe in the World Association of Investment Promotion Agencies (WAIPA). Linar Yakupov has been awarded, among others, the prestigious Global Islamic Finance Awards (GIFA) for his effectiveness in promoting Islamic banking and finance in Russian Federation since 2001. He is a participant and speaker at large-scale events on Russian and international level, and conducts master classes to regional governments, advising on investment policies and strategies. 

Elman Mekhtiyev
Executive Vice-President of Association of Russian Banks

1987 – graduated department of philosophy of Moscow State University named after Lomonossov

1994-1998 – Samsung Electronics, National Service Manager for Russia and CIS countries

1998-2005 – GE Medical Systems (Service Manager for Russia & CIS, Technical Operations Manager for EE, Russia & CIS)

2005-2014 – GE Money Bank JSC (Integration Leader, Regional Development Leader, Indirect Sales Leader, Partnership Leader, Business Development Leader). From 2009, Jan till 2014, Feb – member of GE Money Bank JSC Management Board

2014 till now – Association of Russian Banks (Advisor to the President, Executive Vice-President) Certified Six Sigma Black Belt (2003)

2014 October by Association of Russian managers had been included in list of TOP-1000 country managers in category “Government Relations officers”

Georgy Medvedev
First Vice President of Association of Regional Banks of Russia

Georgy Medvedev works in Association of Regional Banks of Russia since 2006.

From 1997 to 2006 – President of the Fund of Legal support of Entrepreneurship, Moscow.

Graduated from Izhevsk Mechanical Institute with degree in mechanical engineering (1976) and the Finance Academy under the Government of the Russian Federation (1995).

Candidate of Economic Sciences, since 2012 Professor of Financial University under the Government of the Russian Federation.

Member of the Russian Institute of Directors. Member of the Advisory Council for Corporate Governance at the Federal Agency for State Property Management. As an expert of the State Duma of the Russian Federation took part in the projects of the program «TASIS», «Eurasia» Foundation, the US Agency for International Development (USA ID) and the German Society for the Ministry of Finance of the German Technical Cooperation, as well as the Chernomyrdin Commission (a subgroup of the small business).

Participated in the development of Federal laws and regulations of the Russian Federation, in particular, «On state support of entrepreneurship», «On Mortgage», «On appraisal activity», «On the construction and savings banks» and others.

Ballo Anatoly Borisovich
Deputy Chairman of Vnesheconombank

In 1983, graduated from the Moscow Finance Institute, specialty — “International Economic Relations”.
1983–1991 — economist, research worker, Research Institute of Scientific and Technical Information and Construction Materials Industry Management, USSR Construction Materials Ministry.
1991–1992 — lead expert, Gosbank of the USSR.
1992 — chief expert, Central Bank of Russia.
1992–2000 — lead expert, manager, Executive Secretary of the Board, executive director, financial director, Russian Project Financing Bank (from 2000 — Small Business Lending Bank).
2000–2002 consultant to Vnesheconombank of the USSR.
2002–2005 — deputy department head, Foreign Trade Bank (JSC).
2005–2007 — department director, directorate director, Vnesheconombank of the USSR.
From 2007–2012 — Management Board member, State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, Deputy Chairman, Vnesheconombank".
From July 2012 — Deputy Chairman, Vnesheconombank.
Anatoly Ballo is the Head of the Vnesheconombank Working Group on alternative finance.

Dmitry Savelyev
Deputy of the State Duma Federal Assembly of the Russian Federation
Deputy Chairman of the State Duma Committee on Financial Markets

He twice was included in the list of “Top 10” lawmakers of the Russian Federation (2014 ISEPR rating, 2015 ISEPR rating). Author and co-author of more than 20 adopted laws. Initiator and author of draft laws aimed at implementing the principles of Islamic finance in Russia. (The draft law "On Amendments to Article 5 of the Federal Law "On Banks and Banking Activity" and "On amendments and additions to some legislative acts of the Russian Federation in terms of expanding the scope of mutual insurance"). He supervises interdepartmental work of the Islamic finance in the State Duma.
Under the chairmanship of Dmitry Savelyev in the State Duma held a regular round tables and meetings on issues of Islamic finance with the participation of representatives of the Government, relevant ministries and agencies. In particular, were held such important events as working meeting "Problems and prospects of introducing Islamic banking in Russia"; working meeting "Practical aspects of the introduction of Islamic banking products. Necessary and sufficient legislative initiatives "; working meeting "Practical implementation of alternative financial products. Legislative aspect "; a round table discussion on "Alternative banking in Russia: Prospects and legislative initiatives." The result of these meetings was the creation of inter-religious commission of Alternative financing.

Sergey N. Gorkov
Deputy Chairman of the Executive Board of Sberbank

Sergey N. Gorkov was born on December 1, 1968, in the Orenburg Oblast.

In 1994, he graduated from the Academy of the Federal Security Service of Russia with a specialization in Law. In 2002, he graduated from the Plekhanov Russian Academy of Economics with a specialization in Finance & Credit.

In 1994-1997, he was Deputy Head and Head of the HR Department at Menatep Bank.

From 1997 to 2005, he held senior positions at the HR departments of Yukos and Yukos Moscow oil companies.

Since 2008, he has been Director of the HR Policy Department of Sberbank of Russia.

In October 2010, he was appointed as a member of the Executive Board and Deputy Chairman of the Executive Board of Sberbank. Supervises and coordinates the work of the International Operations Unit.

He has been awarded the Medal of the Order of Merit for Services to the Fatherland, 2nd class and the Certificate of Honor of the Government of the Russian Federation. 







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